Vaughan Nelson Investment Management L.P. Has $25.10 Million Position in MaxLinear, Inc. (NASDAQ:MXL)

Vaughan Nelson Investment Management L.P. boosted its position in shares of MaxLinear, Inc. (NASDAQ:MXL) by 10.0% during the 4th quarter, Holdings Channel reports. The institutional investor owned 1,268,857 shares of the semiconductor company’s stock after purchasing an additional 115,867 shares during the quarter. Vaughan Nelson Investment Management L.P.’s holdings in MaxLinear were worth $25,098,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of the company. Assenagon Asset Management S.A. grew its position in shares of MaxLinear by 339.9% during the 4th quarter. Assenagon Asset Management S.A. now owns 1,250,769 shares of the semiconductor company’s stock worth $24,740,000 after buying an additional 966,468 shares during the period. FMR LLC grew its holdings in MaxLinear by 184.5% during the 3rd quarter. FMR LLC now owns 456,929 shares of the semiconductor company’s stock worth $6,616,000 after acquiring an additional 296,339 shares during the period. Jacobs Levy Equity Management Inc. raised its position in shares of MaxLinear by 36.6% during the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 1,089,065 shares of the semiconductor company’s stock valued at $15,770,000 after acquiring an additional 291,874 shares during the last quarter. JPMorgan Chase & Co. lifted its stake in shares of MaxLinear by 44.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 935,739 shares of the semiconductor company’s stock valued at $13,550,000 after purchasing an additional 288,607 shares during the period. Finally, Natixis Advisors LLC bought a new position in shares of MaxLinear in the 3rd quarter worth $3,294,000. 90.79% of the stock is currently owned by institutional investors.

Insider Activity

In other news, insider Connie H. Kwong sold 5,000 shares of the business’s stock in a transaction on Wednesday, December 4th. The shares were sold at an average price of $18.61, for a total value of $93,050.00. Following the sale, the insider now owns 49,147 shares of the company’s stock, valued at $914,625.67. The trade was a 9.23 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Steven G. Litchfield sold 32,000 shares of the stock in a transaction on Friday, December 13th. The stock was sold at an average price of $20.35, for a total transaction of $651,200.00. Following the transaction, the insider now owns 365,868 shares of the company’s stock, valued at $7,445,413.80. The trade was a 8.04 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 42,800 shares of company stock worth $833,338 over the last three months. Corporate insiders own 8.60% of the company’s stock.

Wall Street Analysts Forecast Growth

MXL has been the subject of a number of recent analyst reports. Needham & Company LLC reiterated a “hold” rating on shares of MaxLinear in a report on Thursday, January 30th. Craig Hallum cut their price target on shares of MaxLinear from $28.00 to $25.00 and set a “buy” rating on the stock in a research report on Thursday, October 24th. Northland Securities boosted their price objective on shares of MaxLinear from $25.00 to $27.50 and gave the company an “outperform” rating in a report on Monday, January 6th. Benchmark reiterated a “buy” rating and issued a $28.00 target price on shares of MaxLinear in a report on Thursday, January 30th. Finally, Wells Fargo & Company boosted their price target on shares of MaxLinear from $19.00 to $20.00 and gave the company an “equal weight” rating in a report on Thursday, January 30th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat.com, MaxLinear has a consensus rating of “Hold” and an average price target of $25.50.

MaxLinear Stock Performance

Shares of MXL opened at $16.46 on Monday. The firm has a market cap of $1.39 billion, a P/E ratio of -5.62 and a beta of 1.77. MaxLinear, Inc. has a twelve month low of $11.08 and a twelve month high of $26.59. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.28 and a current ratio of 1.77. The firm’s 50 day moving average price is $20.14 and its two-hundred day moving average price is $16.06.

MaxLinear (NASDAQ:MXL) last posted its quarterly earnings data on Wednesday, January 29th. The semiconductor company reported ($0.27) EPS for the quarter, missing the consensus estimate of ($0.13) by ($0.14). MaxLinear had a negative net margin of 68.01% and a negative return on equity of 21.94%. On average, analysts forecast that MaxLinear, Inc. will post -0.37 EPS for the current fiscal year.

MaxLinear Profile

MaxLinear, Inc provides communications systems-on-chip solutions worldwide. Its products integrate various portions of a high-speed communication system, including radio frequency, high-performance analog, mixed-signal, digital signal processing, security engines, data compression and networking layers, and power management.